Futurum Group Research Sees Cybersecurity Spending Reaching $287.6B By 2029
Security Boulevard, Tuesday, May 13th, 2025
The cybersecurity market, as threats become more complex, is forecasted to grow at a compound annual growth rate (CAGR) of 11.6% from 2024 to 2029 to reach $287.6 billion in revenue as investments are spread across multiple classes of technologies and solutions.
Based on an analysis of revenue growth forecasts provided by cybersecurity vendors that make up 70% of the market to The Futurum Group, the five fastest growing cybersecurity segments will be integrated risk management/security operations, identity and access management, cloud security, application security and data security.
Cloud security, currently the largest segment at $37.1 billion in 2024, or 22% of the total share, is forecasted to grow to $55.8 billion, representing 15.2% CAGR, according to the report.